outsourcing
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outsourcing
The transfer of company tasks or entire business areas to external service providers. Companies often use outsourcing to reduce costs or focus on their core competencies.
Das Outsourcing der Buchhaltung an eine spezialisierte Firma hat sich für uns gelohnt.
Outsourcing the accounting to a specialized company has paid off for us.
'Outsourcing' is a word from English that was adopted directly into German. It is made up of 'out' and 'source' and describes the use of external sources for company tasks.
Viele Firmen sehen Outsourcing als eine Chance, sich auf ihr Kerngeschäft zu konzentrieren.
Many companies see outsourcing as an opportunity to focus on their core business.
This word belongs to the specialized language of business and management. It is rarely used in everyday life unless people are talking about work-related topics or reading business news.
In der Besprechung ging es um das Potenzial von Outsourcing für unser Unternehmen.
The meeting was about the potential of outsourcing for our company.
To specify which area is being outsourced, you usually use the preposition 'von' followed by the dative. A more formal alternative is the genitive.
Das Outsourcing von IT-Dienstleistungen ist weit verbreitet.
The outsourcing of IT services is widespread.
privatization
'die Privatisierung' and 'das Outsourcing' both have to do with tasks no longer being carried out by the original organization itself. The important difference is ownership and the area involved. 'Privatisierung' usually concerns the state: something public becomes private, or a government responsibility is transferred to private companies. 'Outsourcing' usually concerns companies: a company hands over certain tasks to an external service provider, but it does not necessarily give up ownership of them. The words can be confused because private companies can play a role in both cases. As a guide: state-owned things are privatized; company tasks are outsourced.
Durch das Outsourcing der IT-Hilfe spart die Firma jeden Monat Geld.
By outsourcing IT support, the company saves money every month.
Die Privatisierung der städtischen Wohnungen wurde im Gemeinderat lange diskutiert.
The privatization of the city-owned apartments was discussed for a long time in the municipal council.